Property
MREIT sale fuels Megaworld township expansion
MREIT Inc., a real estate investment trust, is channeling P1.26 billion into township expansion projects across Cebu, Palawan, Bacolod, and Pasig City, as sponsor Megaworld Corp. moves to recycle capital from a recent share sale into fresh property developments and debt reduction.
MREIT targets million-square-meter portfolio ahead of schedule
Megaworld-backed MREIT is accelerating its expansion plans, with the company aiming to grow its gross leasable area (GLA) portfolio to at least one million square meters by 2027 — three years ahead of its original target.
DHSUD deploys officials to clear housing backlogs
The Department of Human Settlements and Urban Development (DHSUD) has launched a nationwide intervention to address mounting delays in housing-related transactions, deploying top officials and undersecretaries to all 17 regional offices following an internal audit that traced processing bottlenecks to the field level rather than the agency’s Central Office.
Lower spending slows retail, delays mall recovery
The Philippine retail sector continues to expand, but growth is easing as weaker consumer spending and global uncertainties slow mall recovery and reshape expansion plans.
RLC pushes ahead with projects despite rising construction costs
Robinsons Land Corporation (RLC) said it will continue all planned developments despite higher construction costs caused by geopolitical tensions in the Middle East, signaling confidence in its long-term growth strategy and financial position.
